Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the United States - 2024
Contents:
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the United States (CIF) - 2024
- Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the United States (FOB) - 2022
- Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the United States
- Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the United States
Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the United States (CIF) - 2024
The average import price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $13,652 per ton in May 2024, waning by -47.2% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 80% against the previous month. Over the period under review, average import prices attained the peak figure at $33,976 per ton in October 2023; however, from November 2023 to May 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($52,006 per ton), while the price for Canada ($7,144 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Uruguay (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the United States (FOB) - 2022
The average export price for oils, essential; of lemon (terpeneless or not), including concretes and absoluteses stood at $23,191 per ton in 2022, rising by 5.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 27% against the previous year. As a result, the export price reached the peak level of $35,140 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($53,013 per ton), while the average price for exports to Italy ($5,497 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the United States
In 2022, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses into the United States contracted to 4.1K tons, falling by -11.4% on 2021. Over the period under review, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year.
In value terms, imports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses reduced modestly to $108M in 2022. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 55%.
| Import of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 99.1 | 27.3 | 61.2 | 64.3 | -13.4% |
| Italy | 17.5 | 10.8 | 14.1 | 11.2 | -13.8% |
| Uruguay | 4.2 | 4.2 | 2.9 | 7.6 | 21.9% |
| Ireland | 5.2 | 2.7 | 1.1 | 6.2 | 6.0% |
| Germany | 3.9 | 4.7 | 5.5 | 3.3 | -5.4% |
| Mexico | 2.3 | 5.5 | 2.5 | 2.6 | 4.2% |
| Canada | 4.2 | 4.3 | 4.9 | 2.2 | -19.4% |
| Brazil | 1.7 | 2.1 | 2.2 | 2.0 | 5.6% |
| South Africa | 4.0 | 1.9 | 2.3 | 1.1 | -35.0% |
| Spain | 2.7 | 2.6 | 3.2 | 0.7 | -36.2% |
| Others | 8.2 | 5.0 | 10.3 | 7.0 | -5.1% |
| Total | 153 | 71.0 | 110 | 108 | -11.0% |
Top Suppliers of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes to the United States in 2022:
- Argentina (2405.0 tons)
- Italy (622.8 tons)
- Canada (238.1 tons)
- Uruguay (188.4 tons)
- Brazil (144.4 tons)
- Germany (118.3 tons)
- Mexico (91.8 tons)
- Ireland (83.0 tons)
- South Africa (77.1 tons)
- Spain (33.8 tons)
Exports of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the United States
In 2022, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses from the United States fell sharply to 2.3K tons, dropping by -25.2% compared with 2021. In general, exports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. As a result, the exports attained the peak of 3.1K tons, and then fell sharply in the following year.
In value terms, exports of oils, essential; of lemon (terpeneless or not), including concretes and absoluteses contracted sharply to $53M in 2022. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 17%. As a result, the exports reached the peak of $67M, and then contracted significantly in the following year.
| Export of Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 9.8 | 7.6 | 13.8 | 12.1 | 7.3% |
| Japan | 9.9 | 7.8 | 7.7 | 8.1 | -6.5% |
| Netherlands | 7.1 | 7.0 | 5.6 | 4.4 | -14.7% |
| Canada | 5.2 | 5.3 | 6.2 | 4.3 | -6.1% |
| China | 9.6 | 9.0 | 5.4 | 3.6 | -27.9% |
| Mexico | 2.2 | 1.7 | 3.6 | 2.7 | 7.1% |
| Switzerland | 3.3 | 1.3 | 2.1 | 1.9 | -16.8% |
| Singapore | 4.0 | 2.7 | 1.8 | 1.8 | -23.4% |
| Brazil | 1.0 | 1.3 | 0.7 | 1.6 | 17.0% |
| Indonesia | 1.0 | 1.5 | 1.1 | 1.6 | 17.0% |
| United Kingdom | 2.0 | 1.1 | 2.9 | 1.1 | -18.1% |
| Italy | 1.0 | 0.3 | 0.6 | 0.8 | -7.2% |
| Spain | N/A | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 10.2 | 10.4 | 15.0 | 8.7 | -5.2% |
| Total | 66.5 | 57.1 | 66.8 | 52.9 | -7.3% |
Top Export Markets for Oils, Essential; of Lemon (Terpeneless or Not), Including Concretes and Absolutes from the United States in 2022:
- Canada (490.8 tons)
- Japan (323.7 tons)
- Ireland (229.0 tons)
- Mexico (156.5 tons)
- Italy (149.6 tons)
- Netherlands (146.2 tons)
- China (111.7 tons)
- Switzerland (79.6 tons)
- Singapore (74.2 tons)
- United Kingdom (65.9 tons)
- Indonesia (58.8 tons)
- Brazil (52.6 tons)
- Spain (39.1 tons)
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